Explain why firms' short-run marginal cost curves often initially decreases and then increases

What will be an ideal response?

Diminishing marginal returns and specialization causes the MC curve to be U-shaped.

Economics

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At full employment there is no

A) unemployment. B) cyclical unemployment. C) avoidable unemployment. D) frictional unemployment. E) structural unemployment.

Economics

Name two occupations that have the two characteristics required for the superstar phenomenon

Economics